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phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last
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will you join me in my thinking our panelists. [applause] representative live in discusses tax policy and deficit reduction. he spoke at the briefing today hosted by the christian science monitor for an hour. >> thanks for coming. i'm dave cook from the monitor. welcome to the first breakfast of the new year. the guest is representative sander levin of michigan cranking member of the house ways and means committee. this is the first visit of the group. he did for deily to detroit native and the university of chicago, master's and international relations of columbia and a law degree from harvard who was elected in the michigan state senate in 1964 and served as a senate minority leader during the carter administration he was assistant administrator of the agency for international development elected to the house in 1982. for four years after his brother carl was elected to the senate. in march, 2010, representative levin one the gavel of the chairman of the ways and means committee. in the biographical portion of the program now on to the thrilling portion. as always we are on the reco
just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the number one factor that is creating jobs in the economy over the last three years has been the oil and gas sector. dagen: you would be not a smart politician if you got in the way of that in the next four years. steve, by the way, 2100 words in that address and job or jobs was noted three times. steve, it was great to speak with you. >> people should read in our "wall street journal" today, we have an excerpt from ronald reagan's inauguration. the job market was really expanding back in. dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america finan
should seriously look at with tax reform is how do you replace the anti-poor, anti-small business tax. it is the first big hurdle to create a job. how could you design the equivalent for starting your own business? trying to reach out here and realize, every american could be premiership -- of .ntrepreneurshi passing so many laws and regulations and taxes that they kill the start up businesses in ways that are crazy. >> i have to jump in. thank you so much for talking about entrepreneurship. you were there, you were a part of that. there has been so much destruction to the assistance program. talk about rules and regulations. those are things your administration, when you were the speaker of the house, so many of those types of rules and regulations were built into the program, so much that they have not responded to the recession. it is only able to reach about 30% of the children who are poor in this country. an incredible increase in child poverty been. micro finance would may be a great way to insert into the system. if a woman is receiving cash assistance or food stamps and she h
it was put in place. we just raise tax rates on the well-off so we are doing this in pieces off. declaring victory more angry at each other than they were before and making it harder to do the remaining policies is so we know what we have left we know what we have to the health care cost which the truth is we don't know how to fix the system in its entirety. we have to keep looking at ways to control health care cost and the government programs and medicare and we are going to have to go back and do this every couple of years but we have to study what works and put more of the policies that are working in place. we have to deal with our other entitlement. it's a contentious issue in this country. it's always a political tough battle. but the longer we wait to make the changes for the people the difference of the programs there is no question about that and we have to go forward with tax reform which is great when you talk about it broadly we all know the tax code is a disaster and none of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise re
, a way they can pay taxes and drive cars and live as human beings. if you want to talk from there to a path to citizenship, i think we can build a consensus around that by the steps would be required. it would be terrible to say we are going to have made them legal and they would never have an opportunity for citizenship. i think that would say something we would not like. the ambassador and i could probably debate the strategy on how to get from here to there but there is no question what is needed immediately is legalization and a path to get to where we would like to be. >> then you talk about the difference between now and 2007? are you more hopeful this time? >> i believe, there have been more people coming out in favor. there are people who have moderated their stance on this from six years ago and i think part of that is an understanding that no action is very bad for the country. i would also like to say, because i believe you have an asian background, the question about the future flow is excellent. this is not just about hispanic immigration, or undocumented immigr
when paying property taxes but one man had a different approach he did. he drove to the tax office with $14,000 in change and dollar bills in the back of his suv. he says he lost his tree business in part because he couldn't pay taxes so he went to great lengths to collect this money. >> i had to borrow money. i missed -- missing payments on the home to pay for taxes on this piece of property. my grandkids piggy banks, daughter's piggyÑ]9h banks my money, change and people just offered to help a little bit as they can.(bÑó he says he rolled them himself, staffers at the tax office spent time counting thrk but they d $14,000 worth. >> he's the worst nightmare, ever if you work in a tax office, oh no,. >> surprising they accepted it cash is cash. >> still ahead at 4:00 details in the murder of a wealthy businessman and gang ties that could be connected to his death. >> a bizarre story involving a notre dame star and his fake girlfriend. police are still questioning who was involved in thisx&e#p h. >> talking about smart phone jhñ new and a look at technology that could guarantee
to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about
is a tax credit that was part of the economic stimulus originally, he sought $500 and i think ultimately, law was less than that. that was a classic compromise that he did not get. another compromise was his promise to repeal the bush tax cuts for higher income. his goal was couples making more than 200th $50,000 or couples making $200,000 and the fiscal cliff deal did not achieve that. we rented that a compromise. let's go to fort lauderdale,. caller: with respect to not keeping a promise for negotiations with a health kicce -- i think that a somewhat wrong. i have watched the other representatives of congress on tv every day negotiating and debating and putting their facts together. the final decision between nancy pelosi and the head of the sun -- of the senate when they finally came out with exactly what the bill would be -- it was done behind closed doors. the putting together of the bills, people putting in their amendments, was actually done on cspan every day and i watched that. secondly, with respect to these people calling about taking away guns. there is nothing about taking a
in doing what is right, even if much of the nation takes another way. where others choose to raise taxes, we will lower them so our people have more money, not the government. where other governments expand, we grow smaller. where others choose to grow spending, kansas grows jobs. in important ways, our state is going against the tide and reflecting more of the values of the greatest generation, the world war ii generation, more than my own. where some accept the breakdown of the family as unavoidable, we push back, knowing that strong families and healthy marriages are the best guarantee for the future of our kids. where some walk away from our nation's motto, we embrace it as a part of the pioneering spirit, in god we trust. [applause] you yes, kansas is a special place. when i started as governor, we began the fiscal year with $876.05 in the bank and a projected deficit of $500 million, even after taxes had been increased. i think a number of you remember that as well. working with the legislature, we ended last fiscal year with a $500 million ending balance, a billion dollar swing to
a fair return for their labor by a tax system which penalizes successful achievement and keeps us from maintaining full productivity. but great as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest b
and the republicans in formulating that tax reduction legislation led to a budget surplus is the touchstone for success in working with the opposing parties to fulfill a president legislative agenda. clinton insightfully appointed erskine bowles to represent him in negotiations with congress. bulls great talent for bargaining was important in reaching the president's legislative agenda. but this is followed by the same house of representatives voting to an each bill clinton, obviously an extreme example, but the age-old conflict between congress and the executive branch of government and get bill clinton was lifted, only seven were elected presidents who were successful. there are lessons to be learned from the clinton's second term that might offer guidance to obama where he reelect me. some of the president to face hostility from congress feel the majority of their own party included washington, jefferson, monroe, grant, theodore roosevelt, johnson and bush. andrew jackson was censured by the congress controlled by democratic party. he never forgave. franklin roosevelt had a constant batt
a little smaller since the first of the year. --the result of the payroll tax holiday expiring as part of the fiscal cliff deal. our cover story looks into whether its slowing the economic recovery. not counting a raise or bonus---most of us have a little less take-home pay, not more. january first, the payroll tax went back to 6.2%. "everyone forgot that it was a holiday. a lot of people thought this was the new status quo." it wasn't. and consumers are pretty direct about it. "it adds up to $900 a year. is that significant? yes." "no one likes being taxes. but you don't have a choice." now, if you make 50,000 a year..you'll pay roughly a thousand dollars more in payroll taxes for the year. every two weeks your take-home pay--roughly 36-dollars less. retailers expect it to affect consumer spending. "the likelihood is that it will. we've seen them cutback during the holidays and we expect this 'austerity' to be here for awhile until they get their 'sea-legs' under this program" but getting those sea-legs may take months. "i'm not happy about it. so has it affected your spending? yes, i
and keep going -- it needs to bring millions of people with it. the robin hood tax, the campaign the nurses have -- $350 billion a year from wall street for a minimum tax. you know what one of the legislator said to one of our nurses going to the capitol and talking about the wall street tax? she said, you nurses need to lower your expectations. the nurse looked at her and said, would you like for me to say that to you when i am prepare you for surgery? the true story. i mean, honestly, literally, it is a disgrace -- lower your expectations? i see what is happening out here every day. we're not going to lower our expectations. we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care syste
that fiscal cliff deal where dividend taxes just went to 20%. a lot of upset and anticipation that it would go higher but 20% is a great number. >> exactly. >> steven hammer, setting some highs of the day right now. you're bullish at least for the short-term here, how much higher do you go? >> i have no doubt in the next six months. we could potentially see anywhere from a 5% to 10% increase in the u.s. stock market, but we need to be cautiously optimistic, and to us it's all about earnings and it's all about volatility which is why we wait based on risk, and investors need to be cautious to where they invest money and they still need to stick with quality. >> okay. hank smith. what's going to take us to these new highs, do you think? >> well, look, i think we've seen in the beginning of this year finally some money coming out of bond mondayfunds going i equity funds. for five years it's been just the opposite so perhaps we're at the very beginning of what could be a very powerful trend providing a ton of fuel to the equity markets, and we agree. look, dividends are still very attractive, as l
the extension of the bush tax cuts, raising the debt limit, and the potential of automatic cuts in spending. necessity of resolving these issues is what chairman frank he refers to as the fiscal cliff. -- chairman bernanke. it's likely the decision will be given brief extensions so that the next president and congress will be saddled with making the decision. as a second term president, obama would face obstacles rarely experienced by a chief executive returning to office. where he would face sizable numbers of members of the senate and house, whose state they will not compromise. these present ominous clouds on the horizon for a second term for obama. other lessons that obama and the electorate can learn from the experience of presidential history that might give guidance for the resolution of this concern. first, however, it would be helpful to view obama's background in the customary evaluation of him. his opponents and some of his supporters ask, does barack obama have the leadership skills, experience, cultural background and temperament to deserve a second term as president of the uni
taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invite challenge. we will confront weapons of mass destruction, so that a new century is spared new horrors. the enemies of liberty and our country should make no mistake america remains engaged in the world by history and by choice, shaping a balance of power that favors freedom. we will defend our allies and our interests. we will show purpose without arrogance. we will meet aggression and bad faith with resolve and strength. and to all nations, we will speak for the values that gave our nation birth. america, at its best, is compassionate. in the quiet of american conscience, we know that deep, persistent poverty is unworthy of our nation's promise. and whatever our views of its cause, we can agree that children at risk are not at fault. abandonment and abuse are not acts of god, they are failures of love. and the proliferation of prisons, however necessary, is no substitute for hope and order in our souls. where there is
the commerce clause. >> right. >> what he said was it was a tax. >> must have been a mix-up in the prenotes of the preinterview. but let's see a shot in freeze frame. this is the face of a truly confused man. the elevator doesn't go all the way to the top here, folks. if only sean hannity would listen to his boss, he might not be so confused. "the constitutional right about guns is for self-defense and hunting. founders did not mean modern weapons of war." lining up the crazy is not a difficult task for the right wing these days. but this rhetoric and hysteria i think is very dangerous. there is no basis to call the president of the united states a tyrant or a dictator, and no president ever deserves to be compared to stalin or hitler. but of course it continues. it happened earlier this week. someone needs to be an adult in the room to tell them to cool it. you know? this is america. but abusing the first amendment really is not good. there is a responsibility when you're in front of a camera and you have a microphone. and if this is the way they want to use it, what do you think is going
is the republicans have agreed to raise taxes. they refused to do that for a generation. i think there will be a change on immigration. i think there's potential for bipartisan work on energy. the republican party's got to find its way back to some kind of restoration if it wants to get the white house back if it wants to control the senate again and move beyond the house. the movement they've had on the debt ceiling, democrats would call it gimmicky on some level. but we want to choose our fight difficultly. they want to push the president to deal with the spending problem this government has. you know what? all the polling reflects the fact that they're right. americans want a better economy. they want compromise. they want to cut government spending. so republicans are on the right track there. the question is how do they find a way to pressure the president in a way that's different tanhan what they've done. >> eugene? >> i think the question is whether the republican establishment, such as it is can bring along the rest of the republican party, the tea p
for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it
expressing some political or religious expressions. most of the state tags that most of the tax status ban are vulgar and hateful as they fall in those categories? sound off on our kron4 facebook fan page so we could share them on the kron4 morning news. >> and woman waiting on the platform of madrid metro fainted and fell onto the tracks as the train approached. an off-duty police officers bring into action and jumped onto the tracks and dragged her to safety. passengers on the platform tried desperately to warn the driver and the train was able to stop in time. the woman made a full recovery! we will be right back. >> we are tracking hot spots in the traffic center fremont 84 southbound at thornton just passed a turnoff for the dumbarton bridge. a multi vehicle accident blocking more than one lane of traffic and really look at what it's doing to the drive time from a were down to fremont. from 92 to fremont boulevard 67 minutes. the conditions are actually worse than the censors would indicate because there is some wait- and-see here and it has not quite updated. it is read out there rig
and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiners, the volero of the world. marathon petroleum spun out. that's an opportunity and agriculture, companies like lindsey, adco. do like the brazilian market. the real suffered last year so a lot of companies are on sale, cozian and volley, after great opportunities for investors, considering we've got a strong theme in the emerging markets that will continue this year. >> peter, thanks for joining us, rick as always, andres and christian come back when you can stay longer. >> i will. thank you very much. >> see you later. less than an hour finishing off what's been a pretty good week for the bulls on wall street. bob pisani has been in the middle of the action and
investment they hear taxes and when he talks about takers which he did in the speech, that's a loaded word. it aims right at paul ryan who talked about takers versus makers, the takers being the one who receive federal benefits but pay noederal income tax. that's a shot. that's not just language that's slipped in. so that's the sense in which this had a combative -- there were a few barbs in this speech. >> one of the moments in the campaign when the president was office balance was when he said you didn't build it, talking about small business. that was one of the big themes of the speech saying you need collective action in order to get anything done. again, not new but laying down real markers act the fact that he's going to night the second term for a progressive vision based on those historical touchstones john mentioned and a program that is based on things that right now republins hav no interest worng wi him on. in terms of gun control and climate change, immigration and budget stuff different issue. >> jodi let me go back to your point in your piece about the "new york times" abo
and technology to remake our government, revamp our tax code, reform our schools and empower our citizens with the skills they need to work harder and learn more, reach higher. while the means will change, our purpose endures. nation that rewards the effort and determination of every single american. that is what this moment requires, that is what will give real meaning to our freedom. we, the people, still believe in every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had no where to turn. we do not believe that anyone country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a jo
. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new troubles for boeing's airliners. troubles grounding all the 787s in japan's after one of the jets was forced to make a emergency landing today. dan springer is in seattle with the details on what happened. none of these planes have crashed, no serious injuries but still a big problem for boeing, huh? >> reporter: that's right. for more perspective, jon, worldwide there are six 787s flying. four of them left to the u.s. or coming to the u.s.. this is not a worldwide panic. this latest incident happened in western japan during a flight on all nippon airways. a warning light came on. a the pilot smelled smoke. it caused a landing early landing but they confirmed there was no fire but a smoke coming from a lithium-ion battery that sits behind the cockpit. looks like another electrical problem for the 787 but not the same battery that caught fire after landing in boston. t
wanted 45 cents. intel turned in 48. looks pretty good, right? part of that was due to a tax benefit. intel specsed a tax rate of 27% and got 23%. that helped a bit. gross margins came in stronger than expected at 58% where intel had guided to a mid point gross margin of 57%. but there was bad news beyond that for the investment community. for q11, intel guided to a mid point in revenue of $12.7 billion, plus or minus a half a billion dollars. and for the full fiscal year, 2013, intel said just expect low single digit revenue increases, growth margin to 60% and cap ex at $13 billion. that is a couple billion higher than wall street had expected. >> jon fortt there. we'll have more on china to come. our next guest weighs in. don't go anywhere. >>> welcome back to "worldwide exchange." china's economy rebounds in the fourth quarter topping expectationes and snapping seven straight quarters of slowing growth. the british government says there's no indication the hostage crisis is over in algeria. this as reports emerge that dozens may have been killed in the rescue operations. >>> intel
is borrowed and which is paid for through taxes. they're making a philosophical point. i don't doubt the sincerity. he cares about deficits. but at a time like this, it's a delay. and i don't know how he can square his sympathy for victims because he was a victim, too, at one point with this political point he wants to make about budget. yes. there is discussion to be had about budgets and deficits. but right now this has a real impact, these delays. so making the point about deficits is stopping people from getting the help they need. and if he wants to have that debate, have it in the bigger context. this $60 billion, it's a drop in the ocean of bigger debt problems and they are long-term debt problems. they need to talk about them, but this isn't the point or time to do it. there's a time and place. this isn't it. >> and my point is -- i don't want to just beat up on congressman mulvaney. 137 voted for this. >> at least he had the guts to defend himself. >> people in this country that we have gotten to the point in politics where now we can watch with a complete detachment people
of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing today. it seems like when i was a young, curly haired kid. at goldman sachs. calling them rich people. finding myself to be incredibly bullish when the world was bearish. i re
influx of patients coming into the hospital. it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to make sure it actually starts falling considerably before we pull back. we've got additional staff on board. we've opened up additional units in order to take care of these patients. we've created new protocols in our emergency room to tri to triage them so make sure they're not mixing with the other patients. those policies will still be in place for the next couple weeks likely. >> in kitchens, and offices around the country, people are still talking about whether to get a vaccination, right? >> yes. >> they can start as early as october. if you haven't gotten a
and robert kennedy, were trying to attach to the bill a constitutional amendmentle outlawing the poll tax. this was something that needed to be done, obviously. the attorney general katzenback feared the courts were going to say it's unconstitutional. you have to do it by an amendment. you can't do it this way. and so there was going to be a critical vote in which it was possible that the democratic liberals and the republican liberals were going to attach this thing on. what bothered the administration was they barely had the votes, 67 votes, to defeat a southern filibuster. and if they couldn't break the southern filibuster, there would be no legislation. so, johnson called up dr. king -- i urge all of you to get some of these tapes and listen to them. the conversations between king and johnson are absolutely priceless. and johnson said, dr. king, -- because king wanted to support this plan. he says, well, dr. king you have to make up your own mind of -- about who you want to trust, who you want to think is representing your cause, and if you believe you want to support this amendment a
some of the romney tax cut proposals. but let's look at this from a progressive perspective -- see, it's starting to hit me -- >> there you go, the vodka. >> you know, as senator coburn says, if we don't do some common sense rational things, in 20 years or in 15 years or even in 10 years, we're going to have a budget that is completely taken up by entitlements in the pentagon. and that will be the only thing we're capable of funding. it's the only thing we'll be able to use the power of some progressive government to try to change. you can't be -- i don't think you can be a really good advocate for education, if at the same time, you also don't make a powerful argument to get our priorities in order and make sure that we're capable, as a society, of responding to what we need to, because we are not fixed into a budget math problem that is so intractable as senator coburn says, that we sort of just drive off the edge. >> and michael, we have no money for discretionary domestic spending to invest in education, infrastructure, r&d. >> right. >> the things that government, we've grown to e
and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the democratic party was in control of tourn democrats who were against the kifl rights bills and controlled the mitties. the house were mostly in control of people against the bills. they were also against most of the great society programs. he had to find republicans that would support him. what the hell is say presidency for is a quote of johnson when early 64 before his first state of the union after kennedy died, his entire staff said don't go for the civil rights bill. it's a presidential election year and hang on to the presidency and we will do it after that. he said what the hell is say presidency for? we are going for it. he went for it and got it
- tax case decided to jail. he talked about his glory days -- that sent him to jail. he talked about his glory days. : out and started interviewing his widow, his children, his love partners, the person who prosecuted him. i got an interview with his psychiatrist. the change the nature of my research and made my book much more interesting -- it change the nature of my research and made my book much more interesting. one of the things asked for my job description was to create an oral history program. i have been doing oral history as staff since 1976. sitting down with a staff director who were involved in crafting some major legislation and to evaluate the various senators, sitting down with some of the senators and talking about, what is the like -- i interviewed a man who spent 22 years as a staff member and her two years as a stafof senate me. wonderful human insights. sitting down face to face with people, getting the kind of information, and then being able to put it out. it is a big thrill to me when i see in historian setting oral histories and one of their books. -- using oral h
. a consumer advocacy group says if coca-cola is serious about helping reduce obesity it will stop soda taxes. good morning, mary. >> good morning to you, natalie. wall street is bracing for earnings season which begins in ernest this week. among the companies reporting six dow components. among those reporting a number of nation's big banks. ben bernanke adding his voice to the debate over the debt ceiling. he thinks congress should raise it. it doesn't mean the government will spend any more money, merely that it will pay the bills it's already incurred. >> all right. mary thompson of the new york stock exchange, thanks. for a look at what is trending, what has you talking online. go fish. less is more for this angler who doesn't bother with any fancy gear. >> oh, my gosh! oh! >> ouch. well, of course that big tarpon might think it was the one who scored the catch of the day. tommy lee jones cranky expression has gone viral. and a picture comparing him to grumpy cat, who must be thinking, finally, someone gets me. >>> stumping the kitty is not so easy not with kiddo the cat who has mastered
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